Good economic news about manufacturing

There is finally some positive news to report about manufacturing and the recovery. According to a report from the Federal Reserve in the Philadelphia area, there are robust signs of improvement in the manufacturing sector, include boosts in shipments and dramatically increased hiring. This is all part of what the Fed calls the Business Outlook Survey. The part of the report covering manufacturing showed a key index had increased from 19.3 in January to 35.9 in February, which was described as the highest gain since 2004. One economist translated that as meaning the "recovery is really taking hold." Read more here.